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21540 Lake Chabot Rd Castro Valley, CA 94546

3 Beds 1 Baths 1,204 sqft Built 1942

INVESTimate

$750,000

List Price

$2,900

$2,650 - $3,150

Rent Est.

$828,300  ( +10.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1942
  • Price/Sqft : $622.92
  • 4 Days on Market
  • MLS # : MR40917967
  • Updated Date : 08/23/2020 at 10:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,204 sqft
  • Baths : 1 full
Listing Agent

Exit Realty Keystone

Listing Agent's Description

The "Cottage" at Lake Chabot. Be sure to check out this hidden gem of a home on a large lot. Up to date kitchen with stainless steel appliances, indoor laundry, hardwood floors and tile floors throughout. Dual pane windows. Home remodeled in 2007. The 2nd story loft can be used as bedroom, office, or family room. Freshly painted interior. The over sized 2 car detached garage at the rear of the lot is great for a workshop, hobby room, or rec room. Large attic in the garage for extra storage. The long driveway is convenient for large vehicles, multi recreational, boats, etc. Numerous fruit trees; apple, peach, asian pear, lemons, etc. Create the yard of your dreams here. Beautiful shade tree in the front yard, grape arbor in the rear yard. Walking distance to Lake Chabot. Close to restaurants, shopping, Trader Joe's . Easy freeway access for commuting. This is a hidden gem in the Bay Area. Don't miss out!

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PRICE & RENT TRENDS

Neighborhood: South of 580

NeighborhoodNIR Market*CityMarket2010Year20002019300k400k500k600k700k800k900k1000kPrice in $226k1024k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South of 580

NeighborhoodNIR Market*CityMarket2010Year20012019 Q2160018002000220024002600280030003200Rent in $14783381

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Strobridge Elementary School Primary Regular 620 24 2
Bret Harte Middle School Middle Regular 636 28 3
Hayward High School High Regular 1,644 74 4

Strobridge Elementary School

  • Education Level: Primary
  • # of students: 620
  • # of teachers: 24
2
GreatSchools Rating

Bret Harte Middle School

  • Education Level: Middle
  • # of students: 636
  • # of teachers: 28
3
GreatSchools Rating

Hayward High School

  • Education Level: High
  • # of students: 1,644
  • # of teachers: 74
4
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,767
Property Tax -$862
Property Insurance -$56
Property Management Fees -$149
CASH FLOW
-$934

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$750,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 5.00%
Appreciation Year (1-5) 10.44%
Maintenance Year (1-5) 8.00%
Vacancy 4.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$4,164

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,900

    LIST RENT
  • $2.41

    LIST RENT PER SQFT
  • $2,956

    COMP ESTIMATED VALUE
  • $2.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,200
$3,200
RENT COMPS ANALYSIS
  • 21540 Lake Chabot Rd Castro Valley, 1
    • 3 beds 1 baths ∙ 1,204 Sqft ∙ Built 1942 3 beds 1 baths ∙ 1,204 Sqft ∙ Built 1942
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $2.41
    •  
  • 21835 Redwood Rd Castro Valley, 2
    • 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1948
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $2.50
    •  
  • 4175 Veronica Avenue Castro Valley, 3
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1957
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $2.41
    •  
PROPERTY LISTING DETAILS
Margaret Vierra
Exit Realty Keystone
BESbswy